ATLAS Declaring BK?
#1
Gets Weekends Off
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Joined APC: Apr 2016
Posts: 698
ATLAS Declaring BK?
We have nearly dozen planes parked.
Stock price is down over 50%
Company refusing to negotiate with pilot group.
Exec MGMT all have parachutes and retention bonuses. Carrying a ton of debt.
No new hire classes this year.
We just signed a TA on DH travel that was industry leading. The reason- we will never see it anyway.
The Company is going to file BK gut the contract, trim the fat.
Furloughs start Jan 1.
Stock price is down over 50%
Company refusing to negotiate with pilot group.
Exec MGMT all have parachutes and retention bonuses. Carrying a ton of debt.
No new hire classes this year.
We just signed a TA on DH travel that was industry leading. The reason- we will never see it anyway.
The Company is going to file BK gut the contract, trim the fat.
Furloughs start Jan 1.
Last edited by rickair7777; 08-21-2019 at 08:11 AM. Reason: Title Clarity
#4
Gets Weekends Off
Joined APC: Apr 2016
Posts: 293
#9
https://www.chicagotribune.com/busin...418-story.html
Here’s one example of a CEO that stripped a company and tried to profit from the failure going to court. It isn’t criminal court, but at least there’s some repercussions.
Here’s one example of a CEO that stripped a company and tried to profit from the failure going to court. It isn’t criminal court, but at least there’s some repercussions.
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